Polar Asset Management Partners Inc. Makes New Investment in APi Group Co. (NYSE:APG)

Polar Asset Management Partners Inc. acquired a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,500 shares of the company's stock, valued at approximately $842,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC increased its position in APi Group by 1.1% during the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock worth $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock worth $4,091,000 after buying an additional 323 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after buying an additional 373 shares during the last quarter. AQR Capital Management LLC raised its position in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock worth $755,000 after buying an additional 406 shares during the period. Finally, Equitable Trust Co. boosted its holdings in APi Group by 2.2% in the third quarter. Equitable Trust Co. now owns 20,325 shares of the company's stock valued at $671,000 after acquiring an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APG. William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Finally, Barclays raised their target price on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.71.

APi Group Stock Down 0.3 %

Shares of APG stock traded down $0.11 on Friday, hitting $38.60. The stock had a trading volume of 1,328,754 shares, compared to its average volume of 1,106,007. The stock's 50 day moving average is $35.11 and its 200-day moving average is $35.62. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of -19.59 and a beta of 1.55. APi Group Co. has a 52-week low of $30.15 and a 52-week high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company's revenue was up 2.4% compared to the same quarter last year. As a group, research analysts expect that APi Group Co. will post 1.86 earnings per share for the current year.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company's stock.

APi Group Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.